E - PAPER

CURRENT MONTHS

LAST MONTHS

VIEW ALL
  • About
  • TEAM REALTY+
  • CONTACT US
  • SUBSCRIBE
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
    • EVENT CALENDAR
    • UPCOMING EVENT
    • PAST EVENT
search
  1. Home
  2. Developers Speak

Pre-Budget Expectation of Strengthening Existing Financing Systems

Manju Yagnik, Vice Chairperson, Nahar Group and Senior Vice President, NAREDCO

BY Realty Plus
Published - Friday, 14 Jan, 2022
Pre-Budget Expectation of Strengthening Existing Financing Systems

Manju Yagnik, Vice Chairperson, Nahar Group and Senior Vice President, NAREDCO With the contribution of over 7% to India’s GDP, the real estate sector is one of the most important pillars of the economy. Post the Covid-19 pandemic last year, the residential sector has witnessed a stellar growth in terms of actual transactions of homes and other asset classes. The lowest home loan rates along with reduction of stamp duty converted into phenomenal momentum. The ongoing support from the government and its related agencies, with the onset of the pandemic, has ensured good volumes of transactions and we expect the continuance of support in the forthcoming budget to ensure complete recovery of the sector. We expect that waiver on the GST front be it for under construction properties and for raw materials viz. steel and cement prices firming up. GST waiver will augur well with the industry for continued sales momentum. A GST Waiver could renew the focus of developers on new projects and would also help build sustained liquidity for the entire industry. Apart from the GST waiver, the focus should also be on providing an impetus to both affordable and rental housing as well as strengthening the existing financing systems to provide liquidity to real estate projects that need dire support. The real estate sector could also witness more stability with a low-cost credit ecosystem, through priority sector lending categorisation of home loans.”

  • TAGS :
  • Interviews
  • Home Loans
  • NAREDCO
  • Cement
  • Steel
  • GST
  • Stamp Duty
  • Manju Yagnik

RELATED STORY VIEW MORE

ARCHITECT BALKRISHNA DOSHI
INFRASTRUCTURE DEVELOPMENT IS THE BACKBONE OF WAREHOUSING SECTOR
MUMBAI HAS HIGHEST ULTRA-WEALTHY POPULATION IN INDIA

TOP STORY VIEW MORE

INDIAN REAL ESTATE PREFERRED INVESTMENT DESTINATION FOR NRIs IN GCC

According to Shashank Vashishtha, Executive Director, eXp India, NRIs in GCC Countries are becoming more optimistic about the Indian market.

08 February, 2023

BCD Group to Develop Semi-Luxury Apartments in Chennai

07 February, 2023

Gurugram Based Aradhya Homes Ready With 70 Units for Its Buyers

07 February, 2023

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTHS

  • LAST MONTHS

Subscribe To Realty+ online



REALTY+ SPECIAL ISSUES


  • THE TECH TITANS 2022

  • COFFEE TABLE BOOK 2022

  • Anniversary Issue 2022

  • Anniversary Issue 2020

VIDEO GALLERY VIEW MORE

14th Realty+ Conclave & Excellence Awards 2022 : South
Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

SITE MAP

GDPR-COMPLIANCE

COOKIE-POLICY

PRIVACY-POLICY

TERMS AND CONDITIONS

Contact

ADSERT WEB SOLUTIONS PVT. LTD. 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © Realty Plus Magazine.